#ISLM Staking Economy is Live! đ
With Mainnet Proposal #26 approved, staking rewards are officially active. It's time to start earning by contributing to the security of our network.
Need guidance? Here's a step-by-step tutorial on staking your ISLM
Staking your coins in the Haqq app is a simple process. Follow the steps below to stake your coins. Here are the simple steps to stake your ISLM
Download and Install the Haqq app: Start by downloading the Haqq app from the app store on your mobile device. Install the app and create an account if you haven't already Or Import your old account using your seed phase code.
Navigate to the staking section: Once you're logged in, find the staking section within the app. It is usually located below the Letest Transaction.
Make sure you have enough of the coin in your wallet to proceed and then Select the Validator.
Enter the amount to stake: Enter the amount of the coin that you want to stake and click preview Ensure that you're familiar with any minimum or maximum staking requirements, commission, and network fee for that particular coin, and finally Click Delegate.
After you've entered the desired amount, review the details and confirm the staking transaction. Once you submit the staking transaction, you will need to wait for the transaction to be confirmed by the network.
Once your stake is confirmed, you will start earning staking rewards. These rewards are typically based on the amount of coins you have staked the staking duration and the APY.
Note: It's important to do your own research and understand the risks associated with staking. Make sure you are well-informed about the coin's rewards, and any lock-up periods before stake the coins.Â
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